Entities and ownership
Properties held through a trust, company or SMSF can be attached to an entity record, keeping that structure's portfolio, members and compliance separate from your personal holdings.
Not every property is held the same way. BrickTrack supports properties owned personally, jointly, or through a family trust, unit trust, company or self-managed super fund — and each of those can be set up as its own entity.
Why set up an entity separately
An entity groups its properties, beneficiaries or members, and compliance obligations apart from your personal portfolio. If your accountant needs a trust's figures in isolation from your personally-held properties, this is what keeps the two from blurring together in a report.
Adding members or beneficiaries
Once an entity exists, add the people or funds with an interest in it. This is what drives correct income and expense splits when a property's return needs to be apportioned across more than one owner.
Mixed portfolios
Most investors with more than one structure end up with a mix — a couple of properties personally, one in a trust. BrickTrack treats each entity as its own book, so nothing about how a trust property is taxed or reported bleeds into your personal figures by accident.